…is that our “not quite good enough job growth” has been downgraded to “nowhere near replacement level job growth.”

Well. That sucks.

Between December of 2012 and February of 2013, 699,000 jobs were created; for an average of 233,000. Between March and May of 2013, however, the economy created only 466,000 jobs; for an average of 155,000 jobs.